IDFC Financial Holding Company Ltd raises stake in IDFC Bank to 54.10%

IDFC Financial Holding Company Limited, Promoter of IDFC Bank Ltd has bought 25005149 equity shares of the bank for an amount of Rs. 1055730548 through market purchase on June 20, 2018 (22,39,917 equity shares), June 21, 2018 (1,42,00,000 equity shares) and June 22, 2018 (85,65,232 equity shares).

Post the purchases, the stake of the promoter in the bank has increased from 1816763690 equity shares or 53.37% to 1841768839 equity shares or 54.10%

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
IDFC Financial Holding Company Limited	22,39,917	June 20, 2018	1816763690 (53.37%)	1819003607 (53.44%)
IDFC Financial Holding Company Limited	1,42,00,000	June 21, 2018	1819003607 (53.44%)	1833203607 (53.85%)
IDFC Financial Holding Company Limited	85,65,232	June 22, 2018	1833203607 (53.85%)	1841768839 (54.10%)

Shares of IDFC Bank Ltd was last trading in BSE at Rs.42 as compared to the previous close of Rs. 42.45. The total number of shares traded during the day was 488921 in over 1160 trades.

The stock hit an intraday high of Rs. 42.85 and intraday low of 41.45. The net turnover during the day was Rs. 20487151.

Source : Equity Bulls

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